Hello,
Yesterday was a classic example of how things could swing against you if you do not follow basics of FX trading. There was a total reversal of the market sentiment as predicted and many managed to pocket 30 odd pips in place of 60. Not bad though. I stayed away from yesterday’s trade as there was clear indication on the candlesticks to go short. And as predicted the pair breached the 1.3160 level convincingly and went on to go beyond 1.32. Many stayed away from the markets like I did (didn’t want to ruin my margin). I keep saying here and on my site that this is not the week that is conducive for FX trading. But here’s the signal anyway for the day for all you aggressive traders - sell Eur/USD @ 1.3280 or 1.3300 for a 60 pips only.